What you need to know
A gold overdraft sets a limit based on your gold; you withdraw as needed and pay interest only on the amount used for the days used. It suits business owners and anyone with recurring short-term needs.
Features
- Limit linked to gold value within LTV cap
- Interest on daily outstanding balance
- Usually renewed every 12 months
- Offered by SBI (Realty Gold Loan), HDFC Bank, Axis Bank, PNB, Indian Bank
Frequently asked questions
Is overdraft costlier than a term loan?
The rate may be slightly higher, but you pay only for what you use.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.